Prepayment of bank debts and new financing


Rio de Janeiro, September 6, 2017 - Petróleo Brasileiro S.A. – Petrobras reports
that, following its debt portfolio management strategy, it has effected the
following transactions: (i) prepayment of a NCE (Export Credit Note) of R$ 2.5
billion, issued to Caixa Econômica Federal to mature in November 2018. ii) issue
of a new NCE to Banco Bradesco, in the amount of R$ 1 billion, with maturity in
August 2024; and iii) prepayment of US$ 250 million for a share of a US$ 1
billion financing with Crédit Agricole CIB, due in December 2020, plus
renegotiation of the remaining US$ 750 million with maturity extension to
December 2022.

The company will continue to assess new prepayment and funding opportunities
pursuant to its liability management strategy, which aims to improve the
amortization profile taking into account the deleveraging goals under its
2017-2021 Business and Management Plan.


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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are subject to risks and uncertainties.
The forward-looking statements, which address the Company’s expected business
and financial performance, among other matters, contain words such as “believe,”
“expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,”
“will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. There is no
assurance that the expected events, trends or results will actually occur. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information or future events or for any
other reason.

The Company’s actual results could differ materially from those expressed or
forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the
following: (i) failure to comply with laws or regulations, including fraudulent
activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to
the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk
management policies and procedures, including operational risk; and (iv)
litigation, such as class actions or proceedings brought by governmental and
regulatory agencies.  A description of other factors can be found in the
Company’s Annual Report on Form 20-F for the year ended December 31, 2016, and
the Company’s other filings with the U.S. Securities and Exchange Commission.